Katie Couric Announces Departure from CBS Evening News

The rumors of Katie Couric’s possible departure from CBS have been circulating for a few weeks now. Today, she made it official.

“I have decided to step down from the CBS Evening News,” Couric tells PEOPLE exclusively. “I’m really proud of the talented team on the CBS Evening News and the award-winning work we’ve been able to do in the past five years in addition to the reporting I’ve done for 60 Minutes and CBS Sunday Morning. In making the decision to move on, I know the Evening News will be in great hands, but I am excited about the future.”

What’s next for the 32-year broadcast veteran? “I am looking at a format that will allow me to engage in more multi-dimensional storytelling,” she says, adding that other details, including when and where the show will air, are “still being discussed.”

CBS Evening News has struggled in ratings and Couric could not lift it out of third place, behind NBC’s Nightly News with Brian Williams and ABC’s World News with Diane Sawyer. Couric’s contract expires June 4. CBS has not set an exit date but is expected to appoint Scott Pelley of “60 Minutes” as her successor as early as next week.